Dan Ennis CEO

Community banks are a common target for attacks by cyber criminals. With the amount of attacks to be watchful of, it’s easy to understand why Community Banks with smaller staffs and budgets are an easy target.

Below are a three of the most common online threats we see our customers falling victim to:

System Keylogging: Using keylogging software, that captures the user-entered keystrokes, it’s standard practice to develop a full user profile (including PII data, usernames and passwords) of a victim and sell all of the information on the dark web to maximize fraud.

Crimeware: Crimeware is a type of malicious software (malware) that automates large-scale financial crime against PCs. The leading ways crimeware infects PCs are when users visti infected websites, open contaminated email attachments, us contaminated thumb drives, click on hostile pop-ups or visit fake websites with hostile content. Traditional security techniques (e.g. passwords, anti-virus, firewalls, SSL, intrusion detection, even two-factor authentication and security tokens) are ineffective against crimeware attacks since crimeware resides inside infected PCs.

Credential Theft: On the dark web there is easy access to millions of records of stolen credentials (usernames and passwords) making it easier than ever to access online accounts.

How to protect yourself

The greatest security challenge among these threats and all those facing financial institutions is how to safely interact online despite the fact that security of the endpoint has likely already been compromised with one or more of the crimeware techniques described above.

Securing the endpoint is critical in protecting your customers and your bank from online fraud.

Trusted Knight’s Protector disables the key-logging and data-stealing capabilities of malware making it impossible to steal critical corporate or user credentials and other proprietary information which is used by cyber criminals to commit fraud or gain privileged access to the corporate network.

To learn more about all the threats facing community banks and how to implement cost-effective, yet robust data security practices watch our webinar “Cybersecurity Best Practices for Community Banks.”